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ERIE ROAD SHOWS A RISE IN DEFICIT; $1,569,041 Loss for Month, Against $589,489 in '58, Laid to Steel Strike

The Erie Railroad has been hard hit by the nation's steel strike. The carrier announced yesterday it incurred a net loss of $1,569,041 in September and a $5,191,812 deficit in the first nine months this year. Because of the losses, directors of the road voted to omit the fourth quarter dividend on the company's $5 preferred stock.

October 28, 1959

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